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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (41305)	2/19/1999 11:28:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Mike, are you box trading Amzn? I have 400 long shares and 300 short; am ready for next week.

To: Mike M who wrote (41305)	2/19/1999 11:56:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 164684

Mike, What is your opinion on EBAY and YHOO? Hank

To: Mike M who wrote (41305)	2/20/1999 12:09:00 AM
From: Mark Fowler	Read Replies (3) \| Respond to of 164684

The market, IMO, is setting up for a horrendous drop once that rise is complete and AMZN will participate. << Mike, I'm curious as to why you think the market will drop could you explain? Thank you.

To: Mike M who wrote (41305)	2/20/1999 9:03:00 AM
From: Sarmad Y. Hermiz	Respond to of 164684

Mike, >> This is simply the rally I mentioned several days ago...the move for AMZN is temporary and the market run is gasping its way (probably)to a new high. The market, IMO, is setting up for a horrendous drop once that rise is complete and AMZN will participate. << I have been short amzn with initially horrible results, but now I have recovered somewhat. I hope to recover more and end in the black. However I covered all my position on Friday for these reasons: 1- Thursday had a mid-day reversal from down to up, with increasing volume. 2- followed by a gap up on Friday, followed by relentless buying in small lots which resulted in triple the normal (recent) volume. 3- the analyst upgrade. I think next will be Mary Meeker. I think she will time her re-iterate at key moment to engineer a short squeeze. It is not safe to short until the (upward) effect of her recommendation wears off. 4- Q1 end is approaching. Everyone is expecting sequential increase in rev. If that was not coming, amzn will pass the word to their friendly analysts. If there was a disappointment in the works, the anals would not be saying sequential increase. As of now I agree with you that a run-up will occur. I hope it goes really high (150 or more) to establish a good basis for shorting. -Sarmad